Impact of COVID-19 second wave on the Economy to Remain Muted- FM report

The impact of the second wave of the coronavirus pandemic on the economy is likely to remain muted as compared to the first wave, the finance ministry said in its monthly economic report. Assuming that the second wave of epidemics posed a downside risk to economic activity in the first quarter of the fiscal year 2020-22, the report stated that "there are reasons to expect a tighter economic impact than the first wave. COVID-19 as borne by international experience provides a silver lining of economic resilience amidst the COVID-19 second wave. Also, read | Second Wave of COVID-19: Top Upcoming Car Launches Postponed Due to Pandemic: Hyundai, Audi, and Others Finance Ministry Report The fiscal position of the central government, it said, has witnessed an improvement in the recent...